Edition:
United States

Spire Healthcare Group PLC (SPI.L)

SPI.L on London Stock Exchange

247.00GBp
20 Nov 2017
Change (% chg)

-22.70 (-8.42%)
Prev Close
269.70
Open
258.80
Day's High
260.00
Day's Low
243.10
Volume
11,058,511
Avg. Vol
2,561,552
52-wk High
369.20
52-wk Low
218.20

Latest Key Developments (Source: Significant Developments)

Mediclinic confirms approach to Spire; says considering position
Monday, 23 Oct 2017 02:30am EDT 

Oct 23 (Reuters) - Mediclinic International Plc ::MEDICLINIC INTNL PLC - STATEMENT RE POSSIBLE OFFER.MEDICLINIC INTERNATIONAL PLC - ‍ANNOUNCEMENT REGARDING SPIRE HEALTHCARE GROUP PLC​.‍MEDICLINIC NOTES ANNOUNCEMENT MADE BY SPIRE HEALTHCARE GROUP PLC ("SPIRE") EARLIER TODAY​.MEDICLINIC - ‍CONFIRMS THAT IT MADE AN APPROACH TO SPIRE REGARDING A POSSIBLE OFFER FOR ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF SPIRE​.‍PROPOSAL WAS REJECTED BY INDEPENDENT DIRECTORS OF SPIRE. AS A CONSEQUENCE, MEDICLINIC IS CONSIDERING ITS POSITION​.  Full Article

UK's Spire says rejects bid from Mediclinic Intl
Monday, 23 Oct 2017 02:00am EDT 

Oct 23 (Reuters) - Spire Healthcare Group Plc ::SPIRE HEALTHCARE GRP - RESPONSE TO PRESS SPECULATION.SPIRE HEALTHCARE - ‍RECEIVED PRELIMINARY AND CONDITIONAL PROPOSAL FROM MEDICLINIC INTERNATIONAL PLC.SPIRE HEALTHCARE - ‍RECEIVED PROPOSAL TO ACQUIRE ALL OF ISSUED AND TO BE ISSUED SHARES OF SPIRE WHICH MEDICLINIC DOES NOT ALREADY OWN​.‍PROPOSAL COMPRISED 150 PENCE IN CASH AND 0.232 NEW MEDICLINIC SHARES PER SPIRE SHARE​.‍PROPOSAL VALUED EACH SPIRE SHARE AT 298.6 PENCE PER SHARE​.BOARD ‍UNANIMOUSLY REJECTED OFFER ON BASIS THAT IT SIGNIFICANTLY UNDERVALUES SPIRE AND ITS PROSPECTS​.‍SHAREHOLDERS ARE STRONGLY ADVISED TO TAKE NO ACTION IN RELATION TO PROPOSAL​.‍THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE OR AS TO TERMS ON WHICH ANY OFFER MIGHT BE MADE​.  Full Article

Spire Healthcare names Justin Ash as its new CEO
Wednesday, 27 Sep 2017 10:33am EDT 

Sept 27 (Reuters) - SPIRE HEALTHCARE GROUP PLC ::APPOINTMENT OF CEO.‍JUSTIN ASH AS ITS NEW CHIEF EXECUTIVE OFFICER.ASH WILL TAKE UP HIS DUTIES ON 30 OCTOBER 2017​.‍SIMON GORDON WILL CONTINUE AS INTERIM CEO UNTIL 30 OCTOBER, AFTER WHICH HE WILL REVERT TO CHIEF FINANCIAL OFFICER ROLE​.  Full Article

Spire Healthcare updates on Ian Paterson settlement agreement
Wednesday, 27 Sep 2017 04:58am EDT 

Sept 27 (Reuters) - Spire Healthcare Group Plc ::SPIRE HEALTHCARE - C‍ONFIRM COURT ORDER PUTTING AGREEMENT REGARDING SETTLEMENT OF CLAIMS AGAINST CO RELATING TO ACTIONS OF IAN PATERSON​ INTO EFFECT APPROVED.SPIRE HEALTHCARE - APPROVED ORDER BRINGS TO CONCLUSION ALL CURRENT AND KNOWN CLAIMS FROM PATIENTS AGAINST SPIRE HEALTHCARE AND CO-DEFENDANTS.APPROVED ORDER WILL RESULT IN ESTABLISHMENT OF IAN PATERSON COMPENSATION FUND.SPIRE HEALTHCARE - FUND WILL ALSO BE AVAILABLE TO COMPENSATE ANY FURTHER PATIENTS WHO NOTIFY A CLAIM PRIOR TO 30 OCTOBER 2018.  Full Article

Spire Healthcare reports H1 revenue 481.0 mln pounds vs 469.5 mln pounds
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - Spire Healthcare Group Plc :Revenue for 6 months ended 30 June 2017 481.0 million pounds versus 469.5 million pounds.Profit after tax for 6 months ended 30 June 2017 8.9 million pounds versus 35.7 million pounds.H1 profit after tax ‍8.9​ million pounds versus 35.7 million pounds a year ago.Adjusted profit after tax for 6 months ended 30 June 2017 34.7 million pounds versus 38.2 million pounds.Expects H2 2017 revenues to be flat on H2 2016 numbers.Expects EBITDA margin for FY 2017 to be up to 0.7% lower than previously guided margin of 16.8%.  Full Article

Spire Healthcare says executive chairman Watts diagnosed with a medical condition
Tuesday, 13 Jun 2017 02:00am EDT 

June 13 (Reuters) - Spire Healthcare Group Plc : :‍that Garry Watts, current executive chairman, has been diagnosed with a medical condition and is currently undergoing treatment.As a result watts he may need some short periods out of business over next several months​.Spire Healthcare - ‍while watts will remain active and engaged in company's activities, he has indicated to board his decision to revert to his previous role as non-executive chairman.‍appointment of Simon Gordon, Spire's current chief financial officer, as interim chief executive officer with immediate effect​.‍post of chief financial officer, also on an interim basis, will be taken by Andrew Goldsmith, who is currently spire's head of finance​.‍formal process is underway to identify and appoint a permanent chief executive officer. Process is expected to include candidates from both inside and outside group​.  Full Article

Spire healthcare sees in-line core earnings
Thursday, 2 Mar 2017 02:00am EST 

Spire Healthcare Group Plc : FY revenue 926.4 million stg versus 884.8 million stg year ago . FY profit after tax 53.6 million stg versus 60.0 million stg . A final dividend of 2.5 pence per ordinary share will be proposed at company's annual general meeting on May 26, 2017 . We expect modest sales growth for financial year 2017 at a slightly reduced margin, to give an EBITDA in line with 2016 .We expect group to return to mid to high single digit EBITDA growth from financial year 2018 onwards.  Full Article

Spire Healthcare Group Plc proposes final dividend
Thursday, 17 Mar 2016 03:01am EDT 

Spire Healthcare Group Plc:Proposes final dividend of 2.4p per share payable on 28 June 2016 (2014: 1.8p).  Full Article

Spire Healthcare Group Plc says CEO Rob Roger to step down - Reuters News
Sunday, 13 Mar 2016 11:11pm EDT 

Spire Healthcare Group Plc:Rob Roger has informed board of his intention to leave Spire in order to take up a role as CEO of a large privately financed property business.Rob will remain as chief executive officer of company until 30 June 2016.Garry Watts, company's chairman, has agreed to resume his previous role as executive Chairman (a role he held from 2011 to 2014).Garry will assume this role immediately and for a period of up to 12 months from rRob's departure.Andrew White, who joined Spire in november 2015 as chief operating officer, will join board as an executive director with effect from 1 July 2016.  Full Article

Spire Healthcare Group plc reiterates FY 2015 revenue guidance
Friday, 8 Jan 2016 02:00am EST 

Spire Healthcare Group plc:Reiterates guidance in Nov. 12, 2015 trading update that: ·Full year revenues for Spire Healthcare's FY 2015 are in range of £882 million to £888 million.  Full Article

Photo

Mediclinic says will not make new offer for Spire Healthcare

JOHANNESBURG South African private hospital group Mediclinic does not intend to make another offer for Spire Healthcare , the firm said on Monday after the British company rejected an earlier bid.